Analysts

What the analysts say

Should you buy, sell, or hold on to PostNL shares? Here we present the recommendations of financial analysts. 

Broker

Analyst

Recommendation

Target price

Date

ABN AMRO ODDO

Stefano ToffanoNeutralEUR 1.801 Nov 2022

Bank of America

Muneeba KayaniUnderperformEUR 1.7016 Nov 2022

Barclays Capital

Marco Limite

Equal weight

EUR 1.50

8 Nov 2022

Berenberg

William Fitzalan Howard

Hold

EUR 2.00

10 Oct 2022

Degroof Petercam

Frank Claassen

Hold

EUR 1.65

7 Nov 2022

ING

Marc Zwartsenburg

Hold

EUR 1.75

9 Nov 2022

Jefferies

David Kerstens

Hold

EUR 1.50

27 Oct 2022

KBC Securities NVM

Michiel Declerq

Hold

EUR 1.65

26 Oct 2022

KeplerCheuvreux

Nikolas Mauder

Hold

EUR 1.80

9 Nov 2022

UBS

Ivar Billfalk-Kelly

Neutral

EUR 1.75

19 Okt 2022

the IDEA!

Henk Slotboom

-

-

-

Adjusted on 16 November 2022/11:30

Disclaimer: PostNL is covered by analysts of the brokerage firms listed above. The list may not be complete and is subject to change. Any opinions, estimates or forecasts regarding PostNL's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of PostNL or our management. By publishing the information above, PostNL does not imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations provided by these analysts. PostNL does not assess, comment on or correct analysts' reports, other than factually. PostNL does not pay any fees for carrying out research for analysts' reports or for the production or publication of analysts' reports, with the exception of credit rating agencies.

CONSENSUS PRE Q3 2022 (in € million)

October 2022

 3Q22 EFY22 E
 consensusconsensus
Revenue  
Parcels4942,179
Mail in the Netherlands3251,510
PostNL Other52212
Intercompany-166-736
Revenue total7083,170
   
Normalised EBIT  
Parcels1495
Mail in the Netherlands11116
PostNL Other-18-81
Total normalised EBIT6135
   
Free cash flow-382
   
Volume development parcels-1.2%-8.5%
Volume development addressed mail NL -8.0%-7.7%
based on estimates of 11 analysts; consensus calculated as the median of their estimates